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Solvency

The Importance Of Solvency And Business Operations

By Harry D. Lewis |

Business owners work hard to make the right decisions that will help their operations thrive and prosper. Owning a business means having to wear several hats at once and figure out solutions to major problems that could affect the running of the business. One of the biggest issues that a business owner has to… Read More »

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Bankr28

How Can A Business Go Bankrupt?

By Harry D. Lewis |

Starting a new business is a lot of work, but nevertheless, an exciting proposition. The dream of being your own boss and doing something you are an expert in or that you love can make you feel free. While the goal of any business is to operate successfully and continually expand its customer base… Read More »

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Bankruptcy17

Fraud And Business Bankruptcy

By Harry D. Lewis |

Unethical and potentially illegal practices can slowly gain a foothold in your business, leading to accusations of fraud. Whether it occurred with or without your knowledge, the impact could be devastating. In addition to causing the destruction of your company, it can also leave you facing both civil and criminal liability. As a business… Read More »

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Bank7

Protect Your Brand During Business Bankruptcy

By Harry D. Lewis |

When unexpected expenses, fluctuations in the market, or other common issues arise that jeopardize your business. filing a Chapter 11 business bankruptcy can help to protect you. It acts as a reorganization, allowing you time to reassess the situation, renegotiate contracts at more favorable rates, and eliminate certain types of debts. In doing so,… Read More »

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Bank12

Business Bankruptcy May Be Your Best Option In The Event Of A Lawsuit

By Harry D. Lewis |

Conflicts with employees, clients, suppliers, or other businesses can land you in legal hot water. Having a lawsuit filed against you creates stress, consumes large amounts of your time, and can distract you to the point of losing profits. In the event the other party wins, it can jeopardize all your hard-earned assets, which… Read More »

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Bank9

What To Do If Your Small Business Is In Trouble

By Harry D. Lewis |

Considering all the ups and downs over the past few years, it is no wonder that many small business owners are finding themselves struggling. Fluctuations in the local or national economy, low demand for certain types of products or services, issues in obtaining adequate inventory, and difficulties in finding employees are all common issues… Read More »

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Bankr9

Sole Proprietor? Eliminate Personal And Business Debts Through Bankruptcy

By Harry D. Lewis |

Many people dream of being their own boss and running their own business. While being a sole proprietor has many benefits, it also carries heavy responsibilities. You can be held personally liable for debts your business accrues while unexpected mishaps in your personal life and your own financial struggles can also dramatically impact your… Read More »

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Bankr15

COVID Continues To Create Problems For Businesses: How Bankruptcy Provides Solutions

By Harry D. Lewis |

For more than two years now, the COVID-19 virus has wreaked havoc around the globe. In New York and across the United States, lulls in case numbers over warm weather months have given way to dramatic spikes in cases once again. Despite advances, including widely available vaccines, the pandemic continues to impact every area… Read More »

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Bankruptcy12

Four Industries In Which Businesses Are Most Likely To File Bankruptcy In 2022

By Harry D. Lewis |

Between a lack of workers, problems in the supply chain, and ongoing issues concerning the COVID-19 pandemic, 2022 is likely to be a tough year for many businesses. Steep declines in profits, decreased demand for certain products, and the inability to meet practical needs could prompt serious financial problems. In dealing with hurdles that… Read More »

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Bankruptcy21

Can You Save Assets From Being Seized If Your Business Has Taken On Too Much Debt?

By Harry D. Lewis |

Starting a new business and successfully managing and operating it takes a lot of hard work, effort, and most of all, money. Many business owners do not have funds on hand to pay for all of their business expenses when they first begin their entrepreneurial endeavor. As a result, prospective business owners may decide… Read More »

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